Enter the home market value ($) into the calculator to determine the Rent Charge.

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## Rent Charge Formula

The following formula is used to calculate the Rent Charge.

RC = HV * .01

- Where RC is the Rent Charge ($/month)
- HV is the home market value ($)

To calculate a rent charge, multiply the home market value by 1%.

## How to Calculate Rent Charge?

The following example problems outline how to calculate Rent Charge.

**Example Problem #1:**

- First, determine the home market value ($). In this example, the home market value ($) is given as 250000.
- Finally, calculate the Rent Charge using the equation above:

RC = HV * .01

The values given above are inserted into the equation below:

RC = 250000 * .01 = 2,500 ($/month)

**Example Problem #2: **

The variables needed for this problem are provided below:

home market value ($) = 500000

Entering these values and solving gives:

RC = 500000* .01 = 5,000 ($/month)